Daily iron ore price update (I’m back!)

Sunday 5 October 2014

No price changes given the Chinese Golden Week holiday. To refresh my memory, here are the charts:

In summary, as predicted, it got worse while I was away! There’s no decent contango in futures and swaps, Dalian and rebar are sitting at record lows and spot has bounced a touch but is stuck below $80.

There is a little more to update today as well. Port Hedland shipments for September were out late Friday and showed a little slowing on the month:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.